An entrepreneur approached Loeb with an interest in purchasing a company in bankruptcy. He was looking to use his winning formula and needed a partner to finance with a new owner, company, and as a Chapter 11 entity. Loeb kick-started the process by financing not only the vehicles but also the gas tanker storage systems that are placed at customer locations.
Igniting the acquisition funding of any business is tricky especially when the company is outside of the acquirees’ business concentration, not to mention being in a different state and in bankruptcy. Loeb was able to accelerate the process by performing the appraisal and financing of the acquisition within weeks.
Even with a new company, new owner, no experience in the industry, and the bankruptcy status – Loeb had no problem getting this deal fueled up and funded.